The second step of completing the T-account work sheet for generating the statement of cash flows is to prepare a T-account for each balance sheet account other than _____ and enter the beginning and the ending balances
a. cash and cash equivalents
b. working capital
c. cash, only
d. cash and marketable securities
e. exchanges
A
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Under the cash basis of accounting, revenue is recorded when earned regardless of when cash is received
a. True b. False Indicate whether the statement is true or false
Which of the following is the best example of a consumer good?
A. the disposable diapers purchased by the new mother for her baby B. the art supplies purchased for the elementary school art center C. the riding lawn mower purchased by the landscaping company D. the paint purchased by the contractor E. the cookies purchased for the daycare center
Profit maximization has been tempered by other more socially focused concerns in recent years
Indicate whether the statement is true or false
The United States Trade Representative is: A) a cabinet level post reporting directly to the president that carries on trade negotiations for the U.S
B) the one that administers the Bureau of Customs and Border Protection. C) the one that represents the U.S. at all GATT meetings. D) both A and C. E)both B and C.